Old news
From May this year. I forgot the target price he had based on earnings projections he made. Let's hope I like it better than Beacons .70 but either way
Stephen Kammermayer, Veteran Diversified Industries Analyst at Clarus Securities, has released a BUY rating and a target price of $1.00 on CEMATRIX in his research report titled, “Solid Foundation for Growth in Place”. The stock is trading at $0.35 as of this writing.
Mr. Kammermayer forecasts that 2024 revenues will reach $57.5 million and $66.1 million in 2025. Based on “a shift to larger projects, coupled with the fixed overhead already in place,” he’s looking for EBITDA to jump to $6.9 million this year (12.1% margin) and $11.7 million (17.7% margin) in 2025.
He also notes the following:
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Strong Project Backlog – Bid pipeline of ~$400 million and backlog of $80.6 million
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Cost & Time Savings – Cellular concrete offers both cost and time savings vs competitive products.
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Customer Agnostic – CEMATRIX works as a subcontractor with both engineering and construction firms.
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Opportunity To Ramp Up With Little Capex – Current large fleet able to generate $200 million USD of revenue.
Stephen Kammermayer, Veteran Diversified Industries Analyst at Clarus Securities, has released a BUY rating and a target price of $1.00 on CEMATRIX in his research report titled, “Solid Foundation for Growth in Place”. The stock is trading at $0.35 as of this writing.
Mr. Kammermayer forecasts that 2024 revenues will reach $57.5 million and $66.1 million in 2025. Based on “a shift to larger projects, coupled with the fixed overhead already in place,” he’s looking for EBITDA to jump to $6.9 million this year (12.1% margin) and $11.7 million (17.7% margin) in 2025.
He also notes the following:
-
Strong Project Backlog – Bid pipeline of ~$400 million and backlog of $80.6 million
-
Cost & Time Savings – Cellular concrete offers both cost and time savings vs competitive products.
-
Customer Agnostic – CEMATRIX works as a subcontractor with both engineering and construction firms.
-
Opportunity To Ramp Up With Little Capex – Current large fleet able to generate $200 million USD of revenue.